Palm of Christ Foundation

Nonprofit profile at a glance

EIN
832053721
IRS 990 coverage
2018–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
6465430403
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations
Affiliation
Christianity

Official website

Reported finances

Revenue
$20,279
Expenses
$6,985
Assets
$552,692
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Theodore Henigson (President & Treasurer)

People named in this filing

  • Theodore Henigson (President & Treasurer)
  • Yong Yeow Yeoh (Secretary)
  • Trevor Hanson (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization serves the sovereign purposes of the Kingdom of God including but not limited to restoration and prioritization of relationship between man and his creator, cultivation of the fruits of righteousness between men and women, and the establishment in each of the heart of God for virtuous stewardship of nature and all natural resources. Through our charitable activities, we seek to be a sign in the earth of God's love (sacrifice), his mercy (redemption), and his power (manifestation).

What it reported doing in 2025

Paused Programs: (1) Sons of God is a guided men's fellowship which gathers every 4-6 weeks to develop vital and life-empowering intimacy with the Father, filial relationship within the body of Christ, and zeal for the house of God; through worship, fellowship, prayer, communion, exhortation, and the word of God (2) Unshakable Kingdom is a men's and women's gathering which occurs every 4-6 weeks to build a transformational revelation of the unwavering heart of God, on the foundation of Jesus Christ; to put substance to a truly Christ-centered identity - in the midst of a world that is being shaken by uncertainty, conflict, and fear - to usher in the surpassing peace of God. (3) First Love is a program for one-on-one discipleship with the goal of transformative spiritual growth (note that this program was combined with "Sons of God" in the 990 for 2019, but we decided to separate out the two programs for reporting in 2020 and thereafter).

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 86
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.5%; rating input score 32
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 65.6%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 79.13; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -12.5% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -44.6% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 32.5% of revenue deployed · 94.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $7K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.